COMEX Gold Update
Daily Futures Commentaries: [Comex Gold] 28/1/2019 - Sustain above 1300 level, bullish but watch out for potential RSI bearish divergence
InvestorsDoctor
Publish date: Mon, 28 Jan 2019, 10:50 AM
InvestorsDoctor
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28/1/2019
*Gold Apr 19*
Previous Close: 1308.5 +22.4
Gold jumped over 1% to a more than 7 month high on last Friday, sustain above 1300 level as USD slid ahead of US Fed meeting this week where the central bank is widely expected to leave interest rates unchanged.
Daily chart formed long white candle breakout, more to bullish, but be cautious as potential RSI bearish divergence may limit its upside.
*Classic Support & Resistance*
Resistance: 1325.4 1332.4
Support: 1301.8 1281.5
*Recommend Trading Plan for the day:*
1. Look for buy signal above 1309.3
2. Look for sell signal below 1301.8
*Margin Requirement (per lot)*
USD 3740
Micro: USD 374
Disclaimer: Idea sharing only, trade at your own risk.
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